Why the need for Digital Innovation?
“In today’s era of volatility, there is no other way but to re-invent. The only sustainable advantage you can have over others is agility, that’s it. Because nothing else is sustainable, everything else you create, somebody else will replicate.”
- Jeff Bezos, Founder of Amazon
Further context for Digital Innovation
Data determines destiny:
- Financial institutions and asset managers are harnessing the tools, expertise and infrastructure needed to turn data into actionable insights that can drive growth in lending, investments and their client & investor base.
Digital imperatives dominate:
- Financial institutions and asset managers are trying to harness digital technologies to support a data-centric world while growing and serving their clients & investors with agility.
- The pandemic has forced financial institutions to rethink their operating model. Now more than ever, they recognize the need to digitize and automate as much as they can to reduce risk and improve efficiency.
An open architecture can help financial institutions adapt their existing operating models to meet the demands of the future, realizing synergies, taking advantage of opportunities and minimizing risk without undertaking timely and costly system conversions.
"Once there is an integrated platform to assess and derive actionable information, asset managers will increasingly rely on these features. They are a definite value-add for any organization, especially if paired with automation software."
- German-based Chief Investment Officer
"After COVID-19, there is a real need for accelerated adoption of new tools that will drive inorganic growth and innovation. Digital technology will provide asset managers with a competitive edge if they can offer unique solutions."
- Spain-based Chief Investment Officer
Qube Digital Innovation Added Value
- Qube Financing (and its affiliates) have developed the Qube platform, supported by its proprietary PRI® inside infrastructure, front-end to back-end fully automated receivables financing platform (“Qube Platform”), as one of the earlier Fintech 3.0 initiatives in the market and is fully equipped to be the winning platform of the third wave.
- This Qube Platform is fully operational and has been fully adopted by institutional investors, including the standardized procedures, ‘modus operandi’ and underwriting process steps & criteria.
- Qube targets European SME and Mid Market Corporates with a fully standardized approach as well as tailored solutions for multinationals, predefined underwriting criteria that are agreed with institutional investors and supported by PRI® inside and the add-on credit & collection management application PRI® CrediSoft and PRI® Supply Chain.
- Offering consolidated multi jurisdictions multi operating companies fully automated working capital financing solutions based on invoiced turnover, whereby PRI® inside directly interfaces with the Corporate's ERP systems, the Connection.
- The Qube Platform benefits from a modular design and standardized processes and legal infrastructure.
- US version of PRI® infrastructure can be calibrated for US time zone and jurisdiction.